News
Hold or cut? MPC weighs stronger case for policy easing – Analysts say
2+ hour, 13+ min ago (467+ words) Nigeria's Monetary Policy Committee (MPC) faces a finely balanced decision at its upcoming meeting on 22nd'and 23rd'February, with analysts divided between a potential policy rate cut and a hold decision amid improving macroeconomic indicators. While the headline inflation rate has…...
Nigeria’s borrowing costs ease as Fixed-Income Yields slide on robust demand
3+ hour, 51+ min ago (248+ words) Costs of borrowing eased across Nigeria's fixed-income market on Thursday, February 19, 2026, as yields on Treasury Bills, OMO bills, and FGN bonds declined amid robust investor demand. The development points to sustained participation by domestic institutional investors, who continue to dominate…...
National Bank of Rwanda lifts rate 50bps to 7.25%
11+ hour, 35+ min ago (254+ words) The National Bank of Rwanda has increased interest rate by 50 basis points to 7.25 percent in an effort to curb inflation in the near term, bucking a broader easing trend across Africa. The apex bank Governor, Soraya Hakuziyaremye, announced this decision…...
FG to execute 30% of 2025 capital budget before November 2026
16+ hour, 47+ min ago (397+ words) The Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, has disclosed that 30% of the 2025 Capital Budget will be implemented before the end of November, with warrants already issued to Ministries, Departments and Agencies to commence execution. Ogunjimi'made this known at a…...
Federal Mortgage Bank targets N750bn recapitalisation to boost housing finance
23+ hour, 39+ min ago (508+ words) The Federal Mortgage Bank of Nigeria (FMBN) is aiming to strengthen its capital base to N750 billion as part of efforts to expand housing finance in the country. Managing Director and Chief Executive Officer of FMBN, Shehu Osidi, disclosed this while…...
Naira strengthens against British Pound to N1,806/£1
1+ day, 21+ hour ago (338+ words) Latest price action showed the Nigerian naira strengthened against the British pound amid rising interest in naira-denominated assets and weak UK economic data. CBN latest data showed the Nigerian naira traded at about N1,806/1 at the official market on Tuesday, February…...
South Africa inflation dips to 3.5% as interest rate cut looms
2+ day, 5+ min ago (304+ words) South Africa's inflation rate eased to 3.5% in January, strengthening expectations of a potential interest rate cut when policymakers meet next month. The data was released on Wednesday by Statistics South Africa in a statement published on its website. The marginal…...
Top 10 most expensive states to live in Nigeria in January 2026
3+ day, 17+ hour ago (406+ words) Nigeria's headline inflation rate eased slightly to 15.10% in January 2026, down from 15.15% recorded in December 2025, as food prices posted a significant monthly decline. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on…...
January inflation rate to remain flat or edge higher – Analysts
4+ day, 17+ hour ago (427+ words) Nigeria's January 2026 inflation rate is expected to remain broadly flat or edge slightly higher, according to analysts who see limited room for sharp moderation despite recent price relief in some segments of the market. Early projections place the headline figure…...
Q4 2025: Nigerian Breweries Plc records N1.467 trillion revenue
5+ day, 20+ hour ago (366+ words) Nigerian Breweries Plc, the foremost brewing company in Nigeria, has recorded revenue of N1.467 trillion for the financial year ended December 2025. The revenue represents an increase of 35% from N1.084 trillion recorded in the corresponding period in 2024. The full-year 2025 results showed that the…...